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Mortgage Refinancing Help
: Science: Social Sciences: Economics
: Microeconomics (29)
 Make sure the new title is correct. The fact is, most people never see their deed before it's recorded at the county court house, says Gumbinger. He recommends that you ask the lender if you can review the title to the property before it gets filed, so that you can make sure it's correct.
 The Bonn Graduate School of Economics »
The Bonn Graduate School of Economics is designed for highly qualified students with a strong interest in quantitative economic research. The successful completion of the program will qualify students for positions in academic institutions, industry, political and public administration.
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 Price Theory »
An intermediate text by David Friedman
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 Problems in Microeconomics »
Problems in Microeconomics is a set of practice problems and interactive lecture displays for students and faculty in introductory courses in microeconomics. The problems were written by Byron W. Brown, Professor of Economics at Michigan State University.
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 Risk and Certainty Equivalent Applet »
A discussion of risk and uncertainty and an applet demonstrating how to calculate a certainty equivalent for risk averse or risk seeking individuals.
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 The Information Economy »
The economics of the internet, information goods, intellectual property and related issues compiled by Hal R. Varian
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 WebEc - Microeconomics »
Microeconomics
- Contains links to and descriptions of resources related to Microeconomics.
NPR : 'Freakonomics': Musings of a 'Rogue Economist'
- Economist Steven Levitt talks about his new book, "Freakonomics." A professor at the University of Chicago, Levitt uses statistics to examine matters of everyday life, often with unexpected results. [10:31 streaming audio broadcast]
(April 01, 2005)
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 Supply and Demand Principles »
Explains basic principles of supply and demand curves.
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 If you are paying private insurance on your current mortgage, refinancing may allow you to do away with this unnecessary expense.
Get your interest rate and closing costs in writing as soon as you decide on a lender to work with. Get your lender to give you a commitment in advance of all of the costs that will be involved with your loan. Find out if the refinance loan you are getting has a pre-payment penalty as well. Sometimes lenders will leave out important information like this, if they think it might scare you away from refinancing with them.
Give yourself plenty of time to close. With most refinancings, your file is turned over to a closing or title company, which dictates the closing details. Like the lenders themselves, these firms are swamped when interest rates are low. Moreover, appraisers get backed up and can be difficult to schedule. So don't expect the closing to happen as quickly as anyone promises.
If you want to make sure the interest rate your lender offers you is the rate you get when you close the loan, ask about a mortgage lock-in (also called a rate lock or rate commitment). Any lock-in promise should be in writing. Make sure your lender explains any costs or obligations before you sign.
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